Renovated 3-Bedroom Turnkey Rental with Management in Indianapolis
A renovated, tenant-occupied single-family rental positioned for steady income and low day-to-day involvement.
This 3-bedroom, 2-bath property offers approximately 1,482 square feet and was built in 1978. The projected monthly rent is $1,695, with estimated monthly operating expenses of $570, producing projected net monthly income of $1,125. Based on the asking price of $189,900, the projected cap rate is 7.1%.
The property is currently tenant occupied, allowing income to begin immediately after closing. Professional property management is included or already arranged for a smoother transition.
The projected ROI of 9.1% combines the income profile with a conservative market appreciation assumption. Figures are estimates intended for listing presentation and should be independently verified during due diligence.

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